GDP rises 1.9% in Q3

On an annuual basis Swiss GDP increased 1.9% in Q3, following a 2.5% rise registered the previous quarter, according to data released today the State Secretariat for Economic Affairs SECO. This result higher than market consensus of +1.7%.

Quarter-over-quarter GDP rose 0.5% in Q3, following +0.5% in Q2 and slightly above expectations of 0.4% growth.